Member Info for miker444

Thanks brummie, said you know more than me! atb mate

Hi Brummie mate, genuine question at the end of this post as I fully accept you have more knowledge on this matter than me. I go with the 1st possibility in that we get a share of i3 through an IPO and not do an rto and no longer trade as GWIK, which would resolve the AIM ruling of the implementation of investing blah blah regarding having to do an rto within 12 months. My question is about the 2nd possibility and totally genuine and accept I do not know enough and bow to your answer. Q: I f we have put in all of our cash i.e £1.2m as already pledged to i3 and IPO how do we and with what funds do we also acquire an asset and on top of that an rto as well. 100% not questioning it is not a possibility but don't know how it can be achieved. Will be the 1st person doing cartwheels if that was managed to be pulled off as that would be a double/triple whammy for us shareholders. Apologies for ignorance. atb mike

board randomfella but all resolutions were duly passed. atb

Brummie and nomadic excellent posts. I agree with both, brummie spot on in that £ for £ our £1.1m will give a flat 2% but I also agree with nomadic that i3 will have expected to give a favourable or an incentive to whoever was giving them their cash albeit not on a detrimental scale to themselves either. So personally I think we will get nearer 3% whether its in the form of discounted shares or buy 4 get 1 free etc. Hopefully it won't be long before we know for certain. atb

Hi mate seeing as we don't know what the details are it doesn't mean it is not good news or give any indicator or change one iota what our % shareholding will be. Actually, if you look at it from the negotiating table point of view, at the time when Jaap and co were setting out our pitch the £1.1m of the $2.5 -$5m fund raise was indeed a hefty whack in % terms (over 30%). With regards to the $400m then it is small but that is the MarCap put on further down the line when producing so may not have been a prominent factor at the time of talks as they would have been focused on getting the initial funds raised. Could well come out with 3% and as stated before Gwik also gave them the vehicle of listing on the stock market, albeit AIM! Rose tinted specs? possibly, but nothing to suggest the opposite either. atb

Hi Brummie, not going to argue with that mate it may well be the case and would give big returns for shareholders, personally so long as the deal takes place and meets all the AIM and financial rules and regs I will be more than happy. atb

Good post Pustule. I think option 2 is the most likely as if Gwik folds then the terms of the implementation of the investment policy blah blah ( last paragraph of recent investment RNS) is null and void in that we are not bound to an rto as Gwik will not exist to abide by that ruling per se, otherwise if we stay as Gwik we will still have to do an rto somewhere down the line. I may be wrong and happy to be corrected but that is my understanding, I think Gwik will fold and be part of i3, I will be more than happy with this as we become part of a $400m company at just 1 drill, if they go for another drill a little while later funded out of profits from the 1st one we are then part of $1billion company and so on. But as I said happy to be corrected. atb

Thanks randomfella, not sure if they will / can answer that as it may be seen as insider information but well done on taking the initiative, certainly on the 1st e-mail response as it confirms that we are in negotiations with them and more importantly that all appears to be on track. atb

Agreed, excellent post show.me. I will also keep hold of my shares until the drill stage as for me that is when the sp will be in whole pence, I think 1.5p / 2p easily achievable when the bigger institutions come in on the potential huge profits of a known producing well. Its just a question of randomfella's reply e-mail from i3 as to what % constitutes a major shareholder (their words). For me 3% is the level which instigates a holding RNS so could we have secured that amount for our £1.2m, its possible we got a favourable deal / discount as GWIK will be the vehicle which allows i3 to list on AIM. Who knows but that % of a $400m rated company would see a re-list entry level of 0.5/0.6 just for starters and totally agree that shares will be limited and driven up when the demand comes in. Just my take on things. atb

Thanks brummie, appreciated.

It will be a choice between an update in the next couple of weeks or waiting for an RNS which is the final deal signed sealed and delivered which could be Xmas or even early into the New Year. Again I think Quint has got it right in that we know pretty much what the deal is about and cannot see what else there would be to say in an update, therefore my gut feeling tells me that the next RNS will be the big one and unfortunately I think that is still a month or 2 away. Would make a nice Xmas present though!

another week nearer to news, just every week seems like a month when you are waiting. For me the positive is that it was not that long ago I thought we had lost everything when we went into suspension 1st time around with no news whatsoever. The general consensus now appears to be although back in suspension we will come out with something, just a question of how good a deal it will be and the effect on sp. Agree with Quint that patience is a virtue! atb

Strictly, not a problem but does not change the fact that still totally irrelevant to Gwik mate. atb

I see you have put this out to JLP investors, RGM investors and Gwik investors. You have also done research notes "on behalf of your readers" for PREM etc etc, all being of a doom and gloom nature. I actually read it and you say it is not really relevant to ONZ. I would actually state it is solely relevant to ONZ as they are an investment company and it is 100% of interest to ONZ shareholders who they invest with, however long or short the duration of that investment and how well that investment does. Totally irrelevant to GWIK holders. No doubt your intention is to provoke reaction, which of course you will get, from all of the boards, not sure what you will gain from it though, still each to their own. atb

This is a pretty big deal we are involved in circa $400m for i3 @$50 a barrel, so a percentage of that will be good for the sp. The wording in the RNS 'pre' IPO is interesting as it suggests to me we will have a discounted / preferential deal prior to listing on AIM which is where the 'material' gains will come from immediately. 'Material' gain not 'financial' gain is the wording and whilst it may actually refer to finance it could also mean for every 10 shares we hold we get one 'free' or at a discounted price, that to me is material gain. I could be totally wrong. As for having no money for other projects, I strongly believe that when revenue comes in from the oil well, at 8,000 - 10,000 bopd that some of this, in time, could be reinvested in the form of another well and so on and that way the company will go for growth, just 2 wells at $60 will give a MarkCap of $1billion. It also means they do not have to look for funding elsewhere as they can use their own capital. I still say early Nov and above is just my take on reading the RNS, either way I am quietly confident Gwik holders will get a good deal fro the IPO. We just need to walk before we can run and get the deal done, that will be the first and biggest step on our journey. atb

I actually think the next news we will get will be the full deal (and all that is on offer for us shareholders) signed sealed and delivered with a re-list date. I am guessing by early November so 2 or 3 weeks or so. atb

Russia ready to join in OPEC production cut talks. Oil now $53.50.

today (10th) that they believe $60 per barrel by year end, that's less than 3 months away so yet another positive.

another Opec meeting next week in addition to the one planned on Nov 30th. It would appear that not only a cut still on the cards but Saudi Arabia to take the lead with the biggest cut. Timing is perfect if it comes off. Archie 66, good point about Amanda attending momentus meeting, completely forgot, not sure if anyone went from this bb but would be good to hear if GWIK was mentioned. atb

Before Xmas is as good a guess as any but general opinion end of Oct early Nov. However, if we become part of a $400m company through IPO then I suspect the time on AIM will be short and entry into MidCap 250 beckons. Should be a lot more buying than selling on re-entry as bigger institutions will want a slice of the potential profits and also Gwik shareholders will represent a tiny percentage approx. 1 - 2% of the new deal so no amount of selling by them will have any impact on sp. Should rise pretty quickly so those wanting in should move fast, imo they have actually already missed the boat. atb